Montenegro Unemployment Rate  Forecast


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Unemployment Rate in Montenegro is expected to be 20.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Montenegro to stand at 19.00 in 12 months time. In the long-term, the Montenegro Unemployment Rate is projected to trend around 16.50 percent in 2020, according to our econometric models.


Montenegro Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 21.87 20.2 19.7 19.4 19 16.5
Employed Persons 184719 186513 185859 185194 184545 179305
Wages 767 761 761 760 759 754
Minimum Wages 288 288 288 288 288 288
Population 0.62 0.61 0.61 0.61 0.61 0.63
Wages In Manufacturing 639 666 670 673 675 684